Ashtech Group Launches Rs 1800 Crore Luxury Housing Project in Greater Noida
Ashtech Group, a prominent player in construction materials and infrastructure, is making a significant move into the real estate sector with a Rs 1800 crore luxury housing project in Greater Noida. The project will be developed on a 5.6-acre plot, marking the company's first venture into the residential market.
Real EstateLuxury HousingGreater NoidaAshtech GroupConstruction MaterialsReal Estate NewsNov 13, 2025
The decision to enter the real estate sector is a strategic move for Ashtech Group, which has been operating in allied industries such as fly ash bricks, AAC Blocks, Ready-mix concrete (RMC), Pre-Engineered Building, large-scale infrastructure, and power infrastructure. Sumit Agarwal, Director of Ashtech Group, expressed his confidence in the timing of this expansion. 'We believe this is the right time to extend our expertise to real estate development,' he said, highlighting the company's strong foundation in related sectors.
The first phase of the luxury housing project is expected to launch soon, with the company planning to capitalize on the growing demand for high-end residential properties in the Delhi-NCR region. Ashtech Group, which reported a turnover of Rs 500 crore in the last fiscal year, is optimistic about the future and plans to launch more projects in the coming years.
The real estate sector in India has been experiencing a significant upturn since 2022, with a notable increase in demand for both housing and commercial properties. This growth has been further fueled by a sharp rise in land costs, especially in the post-COVID pandemic era. The Greater Noida region, in particular, has become a popular destination for luxury housing developments due to its strategic location and infrastructure improvements.
Ashtech Group's entry into the real estate market is a testament to the company's vision and strategic planning. With a strong track record in construction materials and infrastructure, the company is well-positioned to deliver a high-quality, luxury housing project that meets the needs of discerning buyers in Greater Noida. The project is expected to set new standards in the local real estate market and contribute to the ongoing development of the region.
For Ashtech Group, this venture represents a significant step towards diversification and growth. The company's expertise in allied sectors will play a crucial role in ensuring the success of the project, from the initial planning stages to the final delivery. As the real estate market continues to evolve, Ashtech Group is poised to become a key player in the luxury housing segment, offering high-quality, sustainable, and innovative solutions to homebuyers in Greater Noida and beyond.
Frequently Asked Questions
What is the total investment for Ashtech Group's project in Greater Noida?
Ashtech Group is investing Rs 1800 crore in its first luxury housing project in Greater Noida.
On how much land will the project be developed?
The project will be developed on a 5.6-acre plot in Greater Noida.
What other sectors does Ashtech Group operate in?
Ashtech Group operates in sectors such as fly ash bricks, AAC Blocks, Ready-mix concrete (RMC), Pre-Engineered Building, large-scale infrastructure, and power infrastructure.
When is the first phase of the project expected to launch?
The first phase of the luxury housing project is expected to launch soon.
What is the current state of the real estate market in Greater Noida?
The real estate market in Greater Noida is performing well, with a significant increase in demand for both housing and commercial properties, and a rise in land costs post-COVID pandemic.
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